Randolph Street Realty Capital Acquires Multifamily Property In Arlington Heights For $25M

The multifamily property located at 2302-2416 S. Goebbert Road in Arlington Heights has been sold for a total price of $25,000,000. The transaction was completed on January 14, 2021. The property consists of 185 units, resulting in a per unit price of $135,135. The buyer of the property is Randolph Street Realty Capital, while the seller is Lawton Realty Group.

Summary of Transation Details:

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Address: 2302-2416 S. Goebbert Road, Arlington Heights
• Market: Arlington Heights
• Units: 185
• PPU: $135,135

The deal was facilitated by CBRE, with brokers including John Jaeger, Dan Cohen, Justin Puppi, and Nisha Mishra representing both the buyer and seller in the transaction.